Tata Steel Q2 net loss seen at Rs 424 cr

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Tata Steel is to announce its second quarter FY10 results. According to CNBC-TV18 estaimtes, the company Q2FY10 consolidated net sales are seen down 44% at Rs 24,765 crore versus Rs 44,199 crore, YoY. (QoQ : Net sales up 6% versus Rs 23292 crore)

Its operating profit is seen at Rs 1472 crore versus Rs 8250 crore, (QoQ operating loss was at Rs 111.8 cr)

The company's Q2 net loss seen at Rs 424 crore versus net profit of Rs 470 crore (QoQ net loss was Rs 2238 crore- this number had extraordinary expenses/ loss of Rs 218 crore on account of restructuring exercise).

Key Factors to Watch For in Q2:

-Unlike Q1,  corus is expect to be EBIDTA Neutral

-Vols expected to be up 7-8% QoQ

-Realisation will drop QoQ ( Even Arcelor mittal's realizations were down QoQ)

-Cost related to restructuring will remain a drag.

-Running Teeside plant without contracts and consortium offtake will be another drag on the earnings.